Empiric Acquires CityBlock Sites in Leicester

CityBlock has transferred the ownership and management of its developments in Leicester to Empiric Student Property.

Under their Hello Student operating platform, Empiric Student Property will take charge of CityBlock 1 and 2 situated in Careys Close.

The sale follows the company's decision in 2015 to find new management of the sites it has owned since 2002.

Empiric will take over all aspects, including ownership, management, student welfare, and customer care.

CityBlock was set up more than 15 years ago and invested a significant amount into the two buildings as it rejuvenated the tired site.

Commenting on the sale, CityBlock's operations director, Alison Bargh, said: "The CityBlock 1 and 2 developments in Leicester allowed us to bring a different level of student accommodation to the city, providing those who choose the city as their home with outstanding facilities and amenities, to help further enhance their experience of living here.

"However, the time has come for us to hand over the reins of the properties, as we look to deliver our promise of the highest quality student accommodation in other areas of the UK.

"The transfer of ownership to Empiric has been communicated to all current residents, and we hope they will continue to enjoy the prime location and high quality services we're leaving behind in the accommodation. We wish Empiric every luck with the developments."